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usd yen analysis Good afternoon everyone okay looking at usd yen we are in a down trend is what it appears me , however here are a couple things I see : we are in a channel down : down trend now if this breaks this channel as I have shown I will wait for the retest along with putting the stop just below the previous lows as shown and go long or if this market reacts to the channel and keeps going short , I will wait for it to hit where all the buyers are and look for a place to get into the market for a long your friend Kris www.mymentortv.com
by mymentortv
An example of why I do not use hard stops. Mental stops only.A good example of why I do not use hard stops. I use alerts and watch it closely as possible when the alert goes off. I usually reset a new alert lower that is a "get out no matter what level". Stop was briefly hit twice. After it reverses I set my alert back up and continue on. This my new, shorter term strategy I am developing. I will do a blog post at some point about it. Bought at .00136, Stop .00129, Target1 .00143, Target 2 .00150.
by bigurb
NKE - Nike & the home of forkerEvery mountain has it's valleys. Besides you now know exactly where I live, here is something to learn. Kowing that markets swing, is not enough. You have to see it and you have to draw it. When you draw pictures, there are many things that pop up, which would not have bevor. If you know, that most "Mountain Bases" getting "filled", then you have one peace to the puzzle that others don't have. So use it - not to trade immediately, but to observe, hunt, build your plan and sniper your booty. And always remember: You better don't hunt a Grizzly (huge pendulum swing trade) with a airgun (small account). When you want to eat such a big monster, then you better take grandpa's double whammmmmmy! (...saying this and crawling my cuddly cat.) Live is good, be happy. P!
NYSE:NKEEducation
by Tr8dingN3rd
3
USDNOK - Search, ask and you will find...I had not clue about this chart. So, I was laying back, squeezed my eyes and let it shine on me (...nope, not smoked anything hehe...). Then it comes together, peace by peace. Here's how I approach any new analysis. - Swings & Pivots - Identify the trend and the flow - some support & resistance - action/reaction & forks - patterns...as far as I can see them (...because I'm a really bad pattern trader) - fractals - anything else (...letting creativity flow) During this process, I delete the whole paintings a couple times. So this is like Zen to me and hell, I really love what I do §8-) Let's see if YOU can make something out of this. Please do me this little favor and let me know if you go long or short. P!
Education
by Tr8dingN3rd
6
Went Short on EURGBP and made some PredictionsWent short at 0.86539 (382 Retracement Level) with a stop-loss at 0.87616 and a profit target at 0.83023 (Current Support Level). Then I made some Prediction on market movement and future entries. Red Arrows are Short Positions Green Arrows are Long Positions Blue arrows are stop-loss areas and Observation areas before making entries. Mainly using Technical analysis using Price action and market movements,Support and resistance levels and Fibonacci Retracements to mark my levels of Entry,Stop-loss and Profit Targets
Short
by HillDo100
USDCAD LOSE 44 pipsH4:MACD Bearish crossover: 1. PA < 5 pips (candle stick): Strong+1 2. Double confirm: Ichimoku Bullish (WEAK-2) 3. D1 Bullish: Weak-1 4. Crossover at .0008: Strong+1 5. Crossover sign changed: Strong+1 MEDIUM H4:Bullish crossover Strength relative to cloud: 1. Price action above: Weak-1 2. Chikou span above: Weak-1 3. Crossover within: Mid WEAK-2 SHORT: 1.3482 SL: 1.3526 (44 pips) TP: 1.3435 (47 pips) LOSE 44 pips Note: Price went up 10pips more than the SL and reversed 140pips in favour of our prediction. SL gap too small was unfortunate.
Short
by drewmmu
POT - Pressure Cooker (..tnx Shane ;-) )This concept - not setup - stems from Shane Blankenship, my former mentor of MG. I use this analogy in many situations, where the market just pressing price, up or down. What's important here is, the release of the pressure. See that one wide range bar? This is "interesting", something important is going on here. Now, since every breakout trader is long, they (Market Maker for this one Stock) will most often try to scare them out by letting price fall back like cooled steam falling back from air to ground. Taking this analogy as a "CONCEPT" and not as a "setup", gives you the freedom to reapply it in many other situations and trades. (Thank you Shane, your the real Master...) P! ...and allways keep in mind - never ever ever risk big, because everything we think can fail.
PLong
by Tr8dingN3rd
12